1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Butoxors [25]
3 years ago
8

The market for tomatoes is in equilibrium at the price of $10, and quantity of 50 tomatoes. If consumer surplus is $400 and tota

l surplus is $650, what is the producer surplus in the tomato market and why?
Business
1 answer:
Darya [45]3 years ago
3 0

Answer:

$250

This because out of the total surplus, the surplus left after being received by the consumer goes to the producer.

Explanation:

Data provided in the question:

Price of tomato = $10

Equilibrium quantity = 50 tomatoes

Consumer surplus = $400

Total surplus = $650

Now,

The  producer surplus = Total surplus - Consumer surplus

= $650 - $400

= $250

This because out of the total surplus, the surplus left after being received by the consumer goes to the producer.

You might be interested in
Barter is the exchange of goods and services for goods and services without the use of money. any exchange, with or without the
murzikaleks [220]

Answer:

c. the exchange of goods and services for goods and services without the use of money

Explanation:

Barter the exchange of goods and services for goods and services without the use of a medium of exchange such as money.

In a barter, money doesn't change hands.

An example of a barter- I want a pair of shoes worth $30. I see someone that has the shoes but wants textbooks worth $30. I have these textbooks. I give him the textbooks and he gives me the shoes.

I hope my answer helps you

8 0
3 years ago
Read 2 more answers
A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost dr
MrRissso [65]

A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost driver or an allocation base.

An entity allocates its overhead costs on the basis of an allocation base. An allocation basis is a measurement, such as the amount of square footage occupied, kilowatt hours consumed, or machine hours used.

Cost accounting assigns overhead expenses using an allocation base. An allocation base can be a quantity, such as the amount of machine hours used, kWh spent, or occupied square footage.

Learn more about allocation base here

brainly.com/question/26475885

#SPJ4

3 0
1 year ago
HD had reported a deferred tax asset of $130 million with no valuation allowance. At December 31, 2021, the account balances of
oksano4ka [1.4K]

Answer:

$101 million income tax expense

Explanation:

The income tax of HD can be computed by beginning with income tax payable less the increase in deferred tax asset in the year and finally by deducting the portion of current deferred tax asset that cannot be realized as shown below:

Current income tax payable                           $90 million

increase in deferred tax asset($170-$130)     ($40 million)

unrealized deferred tax asset ($170*30%)      $51 million

income tax expense in income statement      $101 million

The HD income tax expense in income statement in 2021 is $101 million as computed due to the fact that prior payment in tax ha been paid in the year

7 0
3 years ago
Research reported in the harvard business review indicates that it is very difficult to build customer loyalty if a firm is sell
anygoal [31]
I believe this would be the expected product.
hope this helps!
8 0
3 years ago
Refer to "Terrorism Preparedness" in your assigned readings. According to the article, identify what local, county, and state as
Mkey [24]

Answer: As a terorrism preparedness, local, country and state assets need to be in place as an answer to counterterrorism preparedness. National infrastructure preparedness plan which outlines how government and private sector participants in the community can work together to manage risks and achieve security and resilience outcomes.

The National Infrastructure and Computer Intrusion Program also have a role in preventing terrorist act by identifying, protecting, preventing and detecting of computer intrusions. Assets include the major electrical, communications, and water facilities; transportation hubs; energy plants and other infrastructure which are instrumental in terrorism attack.

Explanation:

5 0
3 years ago
Other questions:
  • On January 1, 2021, Vaughn Manufacturing issued its 12% bonds in the face amount of $7990000, which mature on January 1, 2031. T
    11·1 answer
  • Differentiate between homogeneous mixtures and heterogeneous mixtures ​
    8·1 answer
  • The major function of a financial plan is to a. Reduce taxes b. Increase savings c. Achieve financial goals d. Improve your cred
    6·1 answer
  • You are planning to purchase the stock of Ted's Sheds Inc. and you expect it to pay a dividend of $3 in 1 year, $4.25 in 2 years
    13·1 answer
  • Boyce Manufacturing Co.'s operates 3 profit centers. The clothing center’s static budget at 6,000 units of production includes $
    7·2 answers
  • Since your first birthday, your grandparents have been depositing $1,000 into a savings account on every one of your birthdays.
    10·1 answer
  • A company must account for a contract modification as a new contract if Group of answer choices the modification adds distinct g
    6·1 answer
  • What are the entrepreneurial qualities of a good entrepreneur​
    14·1 answer
  • True or false: an external transaction is a transaction the firm conducts with a separate economic entity.
    12·1 answer
  • The probability that an audit team will express an inappropriate audit opinion when the financial statements are materially miss
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!